What does PMICHAELMK mean on my credit report?

Learn about PMICHAELMK, an collections agency offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
Header image

What is PMICHAELMK?

PMICHAELMK is shorthand for Paul Michael Associates Collections and recovery, with the company name being Paul Michael Associates Collections and recovery Inc

Over the course of about eight months, the ARIES system was installed at six other sites in Japan, in New York City, San Francisco, Seattle, London, Tokyo, and Singapore.

PMICHAELMK is a Collections Agency provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.
  • ⚫ You opened an account with Paul Michael Associates Collections and recovery.
  • ⚫ Paul Michael Associates Collections and recovery bought your debt and are now trying to collect on it.
  • ⚫ You opened a credit card / loan / mortgage with this company.
  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for Paul Michael Associates Collections and recovery:

Address:

  • 159-16 Union Turnpike
    Flushing, NY 11366

Website:

Email:

Phone:

Payments

payments can be made online or by mail. Online payments can be made through the payment portal on the website. To make a payment by mail, send a check or money order to the address listed on the website. Customers can pay the total cost of the purchase in monthly installments. You can get a payment refund by contacting the seller or the payment processor. Depending on the situation, you may be able to get a refund or a credit for the payment you made. payments can be made over the phone. Many businesses offer customers the option to make payments via phone call. This is a convenient payment method for those who are unable to make payments online or in person. you can make payments using a mobile app with a variety of payment apps available on the market. These apps enable you to make payments using your mobile device with ease and security. making late or missed payments can lead to various penalties. These penalties can include late fees, additional interest charges, and other consequences.

Question Answer
Do they offer a monthly payment plan? Yes
Can I make payments over the phone? Yes
Can I make payments online? Yes
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

Loan forgiveness and consolidation are both offered by the website. To qualify for loan forgiveness, certain requirements must be met.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? Yes

How to Apply

You can apply for a loan online, over the phone, or in person. You may also be able to apply for a loan using a mobile app. You may need a cosigner for some loans.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? No
Can I apply for a loan in person? Yes
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

What is a Collections Agency?

Collection agencies appear on your report when a company has failed to collect an outstanding debt. If a creditor has sent your debt to collections, they expect to receive only a portion of any money collected. For them, this is preferable to receiving nothing at all continuing the process of trying to collect your debt themselves. However due to the agressive nature of some collection agencys, you may feel threatened or harrassed by them. However, the good news is that if they inaccurately reported your debt and you take the correct credit repair action, there is a good chance that you will not have to repay and inaccurately reported debt.

How do I remove PMICHAELMK from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.